Module 2 – Increasing ‘Triple Value’: improving outcomes and optimising resource use

To analyse the reasons for the increasing need and demand for healthcare

To define the term ‘value’, and explore the evolution of its meaning in healthcare

To distinguish between ‘efficiency’ and ‘value’

To outline the concept of ‘Triple Value’

To define the terms ‘waste’, ‘stewardship’ and ‘resources’ and show their importance to the achievement of value

To highlight the importance of identifying unwarranted variation and the possible reasons for it

To describe the problems of ‘overuse’ and ‘underuse’ of healthcare interventions

To explore how personal value and allocative value can be increased

To identify the ways in which it is possible to mitigate the main factors increasing the need and demand for healthcare

To distinguish between the economic and the moral meanings of the word ‘value’

To explain how overuse, and the harm from overuse, is an inevitable consequence of increasing investment in healthcare

To communicate the three components of the concept of ‘Triple Value’

To describe resource allocation and distinguish between the different levels of decision that determine the value derived from resources

To outline the responsibility of clinicians and patient organisations in resource allocation

To identify the ways in which personal value can be optimised

To identify the ways in which allocative value can be optimised both between programmes and within programmes